- Joined
- 3 July 2009
- Posts
- 27,649
- Reactions
- 24,554
It would be interesting to know what the LME reserve of nickel is, they seem to have stopped publishing it, but 6_12 months ago it was getting very low.
It would be interesting to know what the LME reserve of nickel is, they seem to have stopped publishing it, but 6_12 months ago it was getting very low.Interesting price spikes in some nickel stocks last week. MCR, NIC, SGQ, BSX.
Not supported by the major nickel producers, WSA, IGO.
Kitco price charts for nickel show a recent rally off yearly low.
View attachment 105075
Edit: Almost forgot to mention that Sth American production of nickel and other base metals have been significantly cut by corona virus outbreaks and subsequent lock downs of mining sites. (ie production cuts not just happening to iron ore producers)
Hi Peter, nickel is becoming an issue Elon Musk is giving it some airplay.Kitco seems to have the LME charts.
LME nickel stocks off the historic lows but have been stable in 2020 so far.
ELON MUSK, TESLA INC."Wherever you are in the world, please mine more nickel and... go for efficiency, obviously environmentally-friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way.”
OLA KAELLENIUS, CEO DAIMLER“The main trend is toward NMC,” Kaellenius said, referring to nickel, manganese and cobalt. “We saw a mix of 1:1:1 then we went to 6:2:2 and now some suppliers are even talking about 9:05:05,” Kaellenius said of the ratio of materials.
HERBERT DIESS, CEO VW“…the future will be electric in the passenger car world for sure. That’s pretty clear now. This train is moving. It’s gaining speed and getting momentum. We are preparing for this world. We will see a car that is emission-free basically.”
Smart man. Nickel demand is not good enough at the moment to justify these prices. Hammer home the message and get all these companies to raise capital and then sink it in to marginal projects! Why else would he be on about nickel? He needs it as cheap as possible. “The real limitation on Tesla growth is cell production at affordable price,” Musk said,Elon musk begging miners to mine more nickel.
Tesla are getting into lithium mining.Smart man. Nickel demand is not good enough at the moment to justify these prices. Hammer home the message and get all these companies to raise capital and then sink it in to marginal projects! Why else would he be on about nickel? He needs it as cheap as possible. “The real limitation on Tesla growth is cell production at affordable price,” Musk said,
Simple internet searches show nickel will finish the year in surplus, and will be in surplus next year, and surplus again the year after that. Long-term fundamentals usually win out over hype. BHP are talking about mid 2020s for nickel jump. Europe is heading to lockdown again, the US will probably be in full civil war in a month.
...At some stage over the next 50 years I might be correct about nickel falling... Have not done well lately on predictions. Tesla should just raise capital and buy BHP's nickel division and build a battery plant here in WA.
this is what you're up against....At least four high-pressure acid leach (HPAL) plants, which process nickel laterite into chemicals used in batteries, are being constructed in Indonesia led by Chinese investors. Most planned to dispose waste in the sea. .....
Yes, the only saving grace is magnetite nickel is difficult to make into battery grade, but quality that hasn't worried them in the past. At least it may differentiate the BEV market i.e battery quality (cycle life, storage capacity etc)this is what you're up against
This article gives further insights. It was interesting to note that only 2 major nickel finds have been made in the past 10 years.Yes, the only saving grace is magnetite nickel is difficult to make into battery grade, but quality that hasn't worried them in the past. At least it may differentiate the BEV market i.e battery quality (cycle life, storage capacity etc)
About nickel: New Caledonia is a key producer and Inco then Vale spent billions of USD..no typing mistake..billions .creating the Goro processing center in the south of the usland.i was part of this project so my awareness .Nickel producers and explorers were sold off hard today as the price of nickel fell overnight. Seems nickel supply at the LME warehouse has increased rapidly (ref Kitco). Good, as I've been waiting for a significant dip to start buying nickel producers and some soon to be producers.
WSA: Has too many price spikes for me. A tough one to trade.
PAN: Started nibbling at 0.13 today.
NIC: Bought some at 1.30.
MCR: I like it under 1.00
BSX: I'm interested down at 0.40
POS: Too many shares issued, spec trade only with perfect setup.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?